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Area data

Minneapolis, MN — ZIP 55405

Population: 17,198 (Census ACS)

The median home value in ZIP 55405 (Minneapolis, MN) is $472,783 — up 3.2% over the past year. Homes sell for a median $629,900 after a median 27.5 days on market. Typical rent runs $1,411/month.

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$472,783

Median home value

+3.2%

1-year change

27.5

Median days on market

Home values & appreciation

Median home value
$472,783
1-year appreciation
+3.2%
3-year appreciation
+5.5%
5-year appreciation
+7.0%
10-year appreciation
+39.1%
All-time peak (2026-07)
$472,783
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$629,900
Median list price
$609,450
Median price per sqft
$208
1-year sale-price change
+29.2%
Median days on market
27.5 days
Homes sold (recent period)
5
For-sale inventory
61
Sale-to-list ratio
96.4%
Active listings
10
1-year forecast
-0.5%
New listings (monthly)
17

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,411/mo
1-year rent change
+3.2%
Studio fair-market rent
$727/mo
1BR fair-market rent
$742/mo
2BR fair-market rent
$973/mo
3BR fair-market rent
$1,353/mo
4BR fair-market rent
$1,357/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Wildfire risk to homes (county)
Higher than 32% of US counties
Buildings in wildfire direct-exposure zone
13.6%
EPA Superfund (NPL) sites within 5 mi
5
Nearest Superfund site
South Minneapolis Residential Soil Contamination (3.2 mi)

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Housing stock

Median year housing built
1,938
Housing built before 1970
73.6%
Housing built 2000 or later
7.8%
Median annual property tax
$6,035
Mean commute to work
15 min
Households with broadband internet
87.1%

Source: Census ACS 5-year estimates (ZIP-level)

How it compares

ZIP 55405State medianUS median
Median home value$472,783$304,931$289,727
Median sale price$629,900$315,500$325,000
Median days on market28 days39 days51 days
Typical rent$1,411/mo$1,678/mo$1,808/mo
Median annual property tax$6,035$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 55405?
$472,783.
What is the median sale price in ZIP 55405?
$629,900.
How long do homes take to sell in ZIP 55405?
Median days on market: 27.5 days.
What is typical rent in ZIP 55405?
Typical rent: $1,411/month.
What is the wildfire risk in ZIP 55405?
Risk to homes is higher than 32% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
Are there Superfund sites near ZIP 55405?
5 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: South Minneapolis Residential Soil Contamination, 3.2 mi.

Nearby ZIP codes

Selling a home in Minneapolis, MN?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents